SOLID POWER INC (SLDP) Stock Technical Analysis
NASDAQ:SLDP - Nasdaq - US83422N1054 - Common Stock - Currency: USD
Overall SLDP gets a technical rating of 9 out of 10. Both in the recent history as in the last year, SLDP has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
SLDP is one of the better performing stocks in the Automobile Components industry, it outperforms 95% of 81 stocks in the same industry.
SLDP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SLDP is lagging the market slightly.
In the last month SLDP has a been trading in the 1.40 - 2.50 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
SLDP has an average volume of 4724190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, SLDP did better than 96% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SLDP has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
2.44
2.50
We found 1 important resistance area.
- A resistance zone ranging from 2.46 to 2.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SLDP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SLDP is up. |
| ChartMill Relative Strength | 96.73 | POSITIVE | SLDP has a high relative strength, it outperformed 96.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SLDP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SLDP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SLDP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.47 | OVERBOUGHT | The high RSI value suggests SLDP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests SLDP has a positive trend. |
| Stochastics (14,3) | 85.28 | OVERBOUGHT | The high Stochastics value suggests SLDP may be overbought. |
| Average True Range in percent/ATR (20) | 8.99 | HIGH VOLATILITY | The high ATR as a percentage value for SLDP suggests high volalility. |
| Average Directional Index/ADX (14) | 33.62 | POSITIVE | The high ADX value value for SLDP suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.46
-0.01 (-0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-0.4%
1 Week26.67%
2 Weeks27.98%
1 Month68.03%
3 Month153.88%
6 Month11.76%
12 Month46.15%
2 Year-13.64%
3 Year-61.04%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%8.99%
ATR Inc23.51%
Range Today0.12
ADR(20)0.21
ADR(20)%8.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.73
Mansfield6.02
10 Day High2.5
10 Day Low1.72
20 Day High2.5
20 Day Low1.4
52 Week High2.7
52 Week Low0.68
CS1 EndN/A
CR1 Start2.15
Volume & EV
DER(3)-2.2%
DER(5)0.63%
Volume7.29M
Volume Incr45.97%
Vol(5)9.71M
Vol(50)4.72M